2016 BMW X5 Lease Questions

dinodr

Can you post the MF and residual for xdrive 35i, 36 mo, 12k and 15k for this month? Thanks.

narayanan1

Hello,

First, a very big thank you. This forum has been super useful. After searching for weeks the X5 i wanted, i custom ordered X5 in 1st week of June. The car is here at the dealer now and i need to pick up However, we are trying to agree on the final lease details.

Vehicle Price: $69,470.00
Savings: $5,000.00
CORPORATE G : $1,000.00
AutoNation Price: $63,470.00

Sales Tax (estimate): +$5,563.17
Weight Fee: + $80.00
Tag/Registration Fees (estimate): +$484.00
Flat Add/County Fee: +$20.00
Electronic Filing: + $29.00
Smog Abatement Fee: +$20.00
Documentation Fee: + $80.00
Tire/Battery/MVWEA: +$7.00
----------------------------------------------
Balance Due (estimate): $69,753.17


The numbers above is for purchase. For a 3 years, 10K miles per yr lease is:

MF - 0.0157
Residual - 60%
Tax rate - 8.775
Per Month - $868
Cash Due - $1,594

How do these discounts look from MSRP? How about the lease numbers? The MF seems very high reading though previous thread?

My credit scores are excellent. Is putting a down necessary to have better MF?

Thoughts? Any suggestions on what i should do?

kyfdx

dinodr said:

Can you post the MF and residual for xdrive 35i, 36 mo, 12k and 15k for this month? Thanks.

.00137 MF and 59%/57% residual

kyfdx

narayanan1 said:

Hello,

First, a very big thank you. This forum has been super useful. After searching for weeks the X5 i wanted, i custom ordered X5 in 1st week of June. The car is here at the dealer now and i need to pick up However, we are trying to agree on the final lease details.

Vehicle Price: $69,470.00
Savings: $5,000.00
CORPORATE G : $1,000.00
AutoNation Price: $63,470.00

Sales Tax (estimate): +$5,563.17
Weight Fee: + $80.00
Tag/Registration Fees (estimate): +$484.00
Flat Add/County Fee: +$20.00
Electronic Filing: + $29.00
Smog Abatement Fee: +$20.00
Documentation Fee: + $80.00
Tire/Battery/MVWEA: +$7.00
----------------------------------------------
Balance Due (estimate): $69,753.17


The numbers above is for purchase. For a 3 years, 10K miles per yr lease is:

MF - 0.0157
Residual - 60%
Tax rate - 8.775
Per Month - $868
Cash Due - $1,594

How do these discounts look from MSRP? How about the lease numbers? The MF seems very high reading though previous thread?

My credit scores are excellent. Is putting a down necessary to have better MF?

Thoughts? Any suggestions on what i should do?

The MF is marked up for extra profit. The base MF is .00137, and the corporate discount usually lowers it to .00117. So, they are marking it up the maximum.
This has nothing to do with your credit or your amount upfront. It's just the dealer marking up your rate for their benefit.

If I take their selling price, and add the $925 acquisition fee for a CAP cost of $64,395, I get a payment of $797/mo.+tax. which is within a dollar of their quote. The money factor markup is adding about $45/mo. to the price.

The discount looks great. Tell them you want the same deal, but with the base MF. (don't know if that will work).

dinodr

What do you think of this offer for an X5 35i, 36 mo/12K lease?

MSRP: 72470
Discount: 5970
Sale price: 66500
Residual: 41307.90
Current Residual 59% and MF 0.00137
Monthly payment + tax (8%): 873.61
Due on delivery: 2500 (advance payment 873.60 + up front charges 1626.40)

jaysfynest

Hi guys:

I am looking at a 2016 BMW X5 eDrive AWD 4dr xDrive40e Black Sapphire Metallic with Black Dakota Leather. The vehicle comes equipped with Driver Assistance Plus, Premium Package, Driver Assistance Package and Cold Weather Package. The MSRP is $69,845.00.

The salesperson is quoting me at $836.43 inclusive of taxes per month. 3 year lease with 12K miles per year. The quote does not include the loyalty rebate. I have yet to negotiate a purchase price. Is the monthly payment reasonable?

kyfdx

dinodr said:

What do you think of this offer for an X5 35i, 36 mo/12K lease?

MSRP: 72470
Discount: 5970
Sale price: 66500
Residual: 41307.90
Current Residual 59% and MF 0.00137
Monthly payment + tax (8%): 873.61
Due on delivery: 2500 (advance payment 873.60 + up front charges 1626.40)

59% of $72470 does not match the residual listed. Looks like the MSRP is less than the number they gave you.

What are the upfront charges? $2500 is a nice round number, and actual legitimate charges usually don't add up to round numbers. Find out how much of that is CAP cost reduction.

kyfdx

jaysfynest said:

Hi guys:

I am looking at a 2016 BMW X5 eDrive AWD 4dr xDrive40e Black Sapphire Metallic with Black Dakota Leather. The vehicle comes equipped with Driver Assistance Plus, Premium Package, Driver Assistance Package and Cold Weather Package. The MSRP is $69,845.00.

The salesperson is quoting me at $836.43 inclusive of taxes per month. 3 year lease with 12K miles per year. The quote does not include the loyalty rebate. I have yet to negotiate a purchase price. Is the monthly payment reasonable?

No idea.. What is a reasonable purchase price?

dinodr

Here is the revised offer on X5 35i 12k, 36 mo lease:

Market Value: 72,470.00
Discount Savings: -6,000.00
Vehicle Selling Price: 66,470.00
Total Cap: 66,470.00
Net Cap: 66,470.00
Base Payment: 808.33
Monthly Tax: 64.67
36 Month Payment: 873.00
Document Prep Fee: 80.00
License / Title: 561.00
Tire/Battery/VTR Fee: 8.75
Acquisition Fee: 925.00
Tax on Collected Items: 6.40
1st Payment: 873.00
Due On Delivery: 2,454.15
Rate: 0.00137
Annual Miles: 12,000
Residual: 59%
Residual Amount: 42,757.30
Tax: 8.00 %

Is this a good deal? Thanks.

kyfdx

dinodr said:

Here is the revised offer on X5 35i 12k, 36 mo lease:

Market Value: 72,470.00
Discount Savings: -6,000.00
Vehicle Selling Price: 66,470.00
Total Cap: 66,470.00
Net Cap: 66,470.00
Base Payment: 808.33
Monthly Tax: 64.67
36 Month Payment: 873.00
Document Prep Fee: 80.00
License / Title: 561.00
Tire/Battery/VTR Fee: 8.75
Acquisition Fee: 925.00
Tax on Collected Items: 6.40
1st Payment: 873.00
Due On Delivery: 2,454.15
Rate: 0.00137
Annual Miles: 12,000
Residual: 59%
Residual Amount: 42,757.30
Tax: 8.00 %

Is this a good deal? Thanks.

We don't track selling prices, but the calculations are correct, and it doesn't look like there are any markups in the financing. If you are happy with the selling price, then it looks good.

dinodr

I got the dealer to knock off another $1000 on money Due to delivery (From 2454 to 1434), to basically cover the first payment and DMV. Here is the revised quote. Does it look OK? I think I'll come down to sign the paper. Thank you very much!

Market Value 72,470.00
Discount Savings -7,020.00
Vehicle Selling Price 65,450.00
Document Prep Fee 80.00
License / Title 554.00
Tire/Battery/VTR Fee 8.75
Acquisition Fee 925.00
Tax on Collected Items 44.80
Total Cap 67,062.55
Down/Cash Cap Reduction -560.00
Net Cap 66,502.55
Base Payment 809.26
Monthly Tax 64.74
36 Month Payment 874.00
Down/Cash Cap Reduction 560.00
1st Payment 874.00
Due On Delivery 1,434.00
Rate 0.00137
Annual Miles 12,000
Residual % [72,470] 57+2=59%
Residual Amount 42,757.30
Tax: 8.00 %

kyfdx

dinodr said:

I got the dealer to knock off another $1000 on money Due to delivery (From 2454 to 1434), to basically cover the first payment and DMV. Here is the revised quote. Does it look OK? I think I'll come down to sign the paper. Thank you very much!

Market Value 72,470.00
Discount Savings -7,020.00
Vehicle Selling Price 65,450.00
Document Prep Fee 80.00
License / Title 554.00
Tire/Battery/VTR Fee 8.75
Acquisition Fee 925.00
Tax on Collected Items 44.80
Total Cap 67,062.55
Down/Cash Cap Reduction -560.00
Net Cap 66,502.55
Base Payment 809.26
Monthly Tax 64.74
36 Month Payment 874.00
Down/Cash Cap Reduction 560.00
1st Payment 874.00
Due On Delivery 1,434.00
Rate 0.00137
Annual Miles 12,000
Residual % [72,470] 57+2=59%
Residual Amount 42,757.30
Tax: 8.00 %

I get the same numbers to the penny.

tom911

Thoughts? I'm not understanding the way this is set up. I see my corp MF discount and the 7 MSD's. What's the discount before lease credit and corp discount? Isn't it as simple as subtracting the discount off MSRP and then subtracting the $3500 lease credit and corp discount to get to the Net Cap Cost?? Lease form is confusing to me.

Thanks in advance.

Michaell

tom911 said:

Thoughts? I'm not understanding the way this is set up. I see my corp MF discount and the 7 MSD's. What's the discount before lease credit and corp discount? Isn't it as simple as subtracting the discount off MSRP and then subtracting the $3500 lease credit and corp discount to get to the Net Cap Cost?? Lease form is confusing to me.

Thanks in advance.

The cap cost is the discounted price. Subtract the cap reduction from that and you get the same payment the dealer does. My guess is that the cap cost includes the rebate.

tom911

thank you

kyfdx

tom911 said:

thank you

You have $9000 of working cash. Your $5500 plus the $3500 rebate

Here is where the cash goes:
$4900 MSDs
$925 acquisition fee
$639 other/government fees
$676.30 1st payment
That leaves $1859.70 for CAP cost reduction, except the CCR and the upfront acquisition fee are taxed, leaving $1623.16 for actual CAP cost reduction.

The $65,287 is the selling price (after your corporate discount)
The net Adjusted cap cost is $63,664 (which I'm surprised isn't listed anywhere.. maybe we aren't seeing the whole screen, or there is another page?)

The MSDs and the corporate plan make for a really good deal.

bananaero

Hello,

What is the 36/10k mile for X5 xDrive 40e? Any incentives?

Thanks!

kyfdx

bananaero said:

Hello,

What is the 36/10k mile for X5 xDrive 40e? Any incentives?

Thanks!

.00137 MF and 60% residual. $3500 lease credit

cmdab

Hello,

I have been offered the following lease deal (36 months/12k per year) on a 2016 X5 40e:

Msrp 70,120
Sale price 63,295
Incentives 4,500
Net sales price 58795
MF .00137
Tax (6% in MD) 3853.49
Tags 331
Processing 299
Acquisition 925
Residual 59%

Monthly payment with only first month payment due at signing is 797/month.

Please let me know your thoughts on this deal. Can I do better? Also, do the numbers look right? I keep getting 749/month when I run the numbers.

Thanks for your input.

Michaell

cmdab said:

Hello,

I have been offered the following lease deal (36 months/12k per year) on a 2016 X5 40e:

Msrp 70,120
Sale price 63,295
Incentives 4,500
Net sales price 58795
MF .00137
Tax (6% in MD) 3853.49
Tags 331
Processing 299
Acquisition 925
Residual 59%

Monthly payment with only first month payment due at signing is 797/month.

Please let me know your thoughts on this deal. Can I do better? Also, do the numbers look right? I keep getting 749/month when I run the numbers.

Thanks for your input.

.00137 and 59%. $3500 lease credit.

If I add the taxes and fees to the net sales price, I get a payment $779/mo. Higher than your calculation, but lower than the dealer.

Find out what adjusted cap cost the dealer is using to get their payment, and make sure you understand exactly how they got to that number from the net sales price.

cmdab

Thanks.  $779/month is what I get also.  I'll be sure to get a full breakdown of the numbers.  Any thoughts on the deal itself?

akelaon

Hi, Would you please let me know the MF & Residuals for a 2016 BMW X4 28i and a 2016 BMW X5 sdrive35i for 36/12k lease in Texas.

Any lease cash/ incentives in July?

Thank you!

kyfdx

akelaon said:

Hi, Would you please let me know the MF & Residuals for a 2016 BMW X4 28i and a 2016 BMW X5 sdrive35i for 36/12k lease in Texas.

Any lease cash/ incentives in July?

Thank you!

.00137 MF and 65%/59% residual for X4/X5.

No incentives.

mistasleepi

Is this a decent deal?
2016 BMW X5
MSRP 56495
Selling Price 52981
MF .00088
Residual %60
0 Down
36/10k
6524 due at signing including 4900 7 MSD

689.90 including California tax?

Michaell

mistasleepi said:

Is this a decent deal?
2016 BMW X5
MSRP 56495
Selling Price 52981
MF .00088
Residual %60
0 Down
36/10k
6524 due at signing including 4900 7 MSD

689.90 including California tax?

I get $607/mo plus tax with those numbers.

Confirm the adjusted capitalized cost with the dealer; if higher than the selling price, find out what they've added.

mistasleepi

Contacted the dealer and he said you might not have added the acquisition fee which is 925. Does that sound correct?

Michaell

mistasleepi said:

Contacted the dealer and he said you might not have added the acquisition fee which is 925. Does that sound correct?

I didn't omit it .. it wasn't in the numbers that were provided.

But yes, the $925 acquisition fee would add about $26/mo to the pre-tax payment.

axiomlover

Hey guys, looking to lease a 2016 X5 40e with MSRP of $68,400. After applying all the discounts that the dealer is offering, no money down, $5,250 in MSDs, 36 months with 10K mile limit, we are at a monthly payment of $739. Is this a good deal or should I expect better? All the fees, taxes, plate transfer fees, doc fee, etc. is rolled into the payment. No trade in.

Thanks for your advice.

Michaell

axiomlover said:

Hey guys, looking to lease a 2016 X5 40e with MSRP of $68,400. After applying all the discounts that the dealer is offering, no money down, $5,250 in MSDs, 36 months with 10K mile limit, we are at a monthly payment of $739. Is this a good deal or should I expect better? All the fees, taxes, plate transfer fees, doc fee, etc. is rolled into the payment. No trade in.

Thanks for your advice.

What is the adjusted cap cost, after all discounts are subtracted and taxes and fees added in?

.00137 and 60%

What state and tax rate is this?

Go back a page or two .. there are a number of posts about the 40e from other members. Might help to establish a baseline.

axiomlover

Michaell said:

axiomlover said:

Hey guys, looking to lease a 2016 X5 40e with MSRP of $68,400. After applying all the discounts that the dealer is offering, no money down, $5,250 in MSDs, 36 months with 10K mile limit, we are at a monthly payment of $739. Is this a good deal or should I expect better? All the fees, taxes, plate transfer fees, doc fee, etc. is rolled into the payment. No trade in.

Thanks for your advice.

What is the adjusted cap cost, after all discounts are subtracted and taxes and fees added in?

.00137 and 60%

What state and tax rate is this?

Go back a page or two .. there are a number of posts about the 40e from other members. Might help to establish a baseline.

Adjusted Cap Cost is $63110 (includes $3,500 in lease credit, $1,000 in loyalty credit and $1,000 in credit from BMW for attending one of their driving events), residual value $40,887. This is for the state of Illinois and tax rate of 7%. The dealer is claiming that MF is higher than .00137, but that may be their way of making extra profit. At the end, I am looking at the monthly payment as my base comparison, since I am not putting any money down.

Thanks!

Michaell

axiomlover said:

Michaell said:

axiomlover said:

Hey guys, looking to lease a 2016 X5 40e with MSRP of $68,400. After applying all the discounts that the dealer is offering, no money down, $5,250 in MSDs, 36 months with 10K mile limit, we are at a monthly payment of $739. Is this a good deal or should I expect better? All the fees, taxes, plate transfer fees, doc fee, etc. is rolled into the payment. No trade in.

Thanks for your advice.

What is the adjusted cap cost, after all discounts are subtracted and taxes and fees added in?

.00137 and 60%

What state and tax rate is this?

Go back a page or two .. there are a number of posts about the 40e from other members. Might help to establish a baseline.

Adjusted Cap Cost is $63110 (includes $3,500 in lease credit, $1,000 in loyalty credit and $1,000 in credit from BMW for attending one of their driving events), residual value $40,887. This is for the state of Illinois and tax rate of 7%. The dealer is claiming that MF is higher than .00137, but that may be their way of making extra profit. At the end, I am looking at the monthly payment as my base comparison, since I am not putting any money down.

Thanks!

You want the base MF .. politely tell the dealer you won't sign a deal if the MF is marked up.

tom911

Any residual or lease cash changes for August 2017? Specifically 2016 and 2017 X5 40e models?

Thanks in advance.

Michaell

tom911 said:

Any residual or lease cash changes for August 2017? Specifically 2016 and 2017 X5 40e models?

Thanks in advance.

No change in the BMW numbers for August ... the July numbers are valid until 8/31.

gotigers1

Hello, do you have 39mth 15k/mile residual and money factor or is 36 as far as they are going currently?

Michaell

gotigers1 said:

Hello, do you have 39mth 15k/mile residual and money factor or is 36 as far as they are going currently?

36/15 is the sweet spot, this month.

.00137 and 57%

mikezat

Hi! Calling on all pros to find out what the bump in monthly payments will be if I lease an X5 with MSRP $1000 higher than MSRP of the X5 advertised lease on bmwusa.com.Just looking to leave the down payment unchanged. Here's the deal:

X5 xDrive35i
MSRP excludes destination & handling fee of $995, tax, title, license, and registration. 2016 X5 xDrive35i shown includes xLine.
Offer not valid in Puerto Rico. Lease financing available on new 2016 BMW X5 xDrive35i from participating BMW centers on leases assigned to BMW Financial Services through August 31, 2016. Monthly lease payments of $629.00 for 36 months based on MSRP of $57,995.00. $5,054.00 cash due at signing is based on $3,500.00 down payment, $629.00 first month payment, $925.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $34,797.00.

Is there a rule of thumb of some sort that allows to ascertain how much extra for every $1000? How does it work?

Many thanks in advance

Michaell

mikezat said:

Hi! Calling on all pros to find out what the bump in monthly payments will be if I lease an X5 with MSRP $1000 higher than MSRP of the X5 advertised lease on bmwusa.com.Just looking to leave the down payment unchanged. Here's the deal:

X5 xDrive35i
MSRP excludes destination & handling fee of $995, tax, title, license, and registration. 2016 X5 xDrive35i shown includes xLine.
Offer not valid in Puerto Rico. Lease financing available on new 2016 BMW X5 xDrive35i from participating BMW centers on leases assigned to BMW Financial Services through August 31, 2016. Monthly lease payments of $629.00 for 36 months based on MSRP of $57,995.00. $5,054.00 cash due at signing is based on $3,500.00 down payment, $629.00 first month payment, $925.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $34,797.00.

Is there a rule of thumb of some sort that allows to ascertain how much extra for every $1000? How does it work?

Many thanks in advance

On a 36 month lease, every $1000 equates to about $28/mo (1000 / 36).

kyfdx

$1000 more in MSRP, everything else being equal, should only equate to the same percentage of the lease payment, though.

So, if the ad car is a $60K MSRP for $750/mo,, then a $61K MSRP vehicle should be about $762.50/mo.

Only if you are paying $1000 more for that $60K MSRP vehicle than the ad price, should it go up by $28/mo.

mikezat

Sincerely appreciate your taking a look.
So, if I understood correctly, if I lease a car with $65,000 MSRP then the monthly payment should be
(($65,000 + $925.00) x $629) / ($57,995 + $925.00) = $703.8 + tax ???

Michaell

mikezat said:

Sincerely appreciate your taking a look.
So, if I understood correctly, if I lease a car with $65,000 MSRP then the monthly payment should be
(($65,000 + $925.00) x $629) / ($57,995 + $925.00) = $703.8 + tax ???

This article may make the lease calculation process easier to understand:

http://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

FadyDizzle

Hi, what's the MF and RV for a xDrive35d (2016) 36/15k

Michaell

FadyDizzle said:

Hi, what's the MF and RV for a xDrive35d (2016) 36/15k

.00137 and 57%

n3tguru

Can I get MF/RV and incentives for BMW X5 xDrive35d in Norcal ? Any pointers for a good dealer and great price

kyfdx

n3tguru said:

Can I get MF/RV and incentives for BMW X5 xDrive35d in Norcal ? Any pointers for a good dealer and great price

.00137 MF and 57% residual for 36/15.

If looking for a California dealer, go on the 'Fest and peruse the Ask A Dealer discussions. Keep an eye out for those that seem reasonable and get good feedback from the members.

jjg5504

Can I have MF and residual for X5 s drive and xdrive i35 in Texas? 36/10K. Thank you!

Michaell

jjg5504 said:

Can I have MF and residual for X5 s drive and xdrive i35 in Texas? 36/10K. Thank you!

.00137 and 60%

nycdomp

Hi,
Can I get the MF and Residuals for X5 M in New York for 36/10 & 36/12?
Thank you!

Michaell

nycdomp said:

Hi,
Can I get the MF and Residuals for X5 M in New York for 36/10 & 36/12?
Thank you!

.00137 and 60% / 59%

nycdomp

Michaell said:

nycdomp said:

Hi,
Can I get the MF and Residuals for X5 M in New York for 36/10 & 36/12?
Thank you!

.00137 and 60% / 59%

Thank you Michaell for the super quick response.

nycdomp

Currently working this deal and was wondering if it's a decent deal?

2016 BMW X5 M
MSRP 102695
Selling Price 94580 which incl. acq/bank fee.
MF .00137
Residual 60%
0 Down
36/10K

I'm getting $1229.88/month with NYS 8.875% taxes rolled in.


Edit:
I'm also seeing a $2000 lease bonus cash on Edmunds.com. I should ask if that was already included, correct?